Reso 0253-08/1965 RESOLUTION NO. 253
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SAN MARCOS COUNTY WATER DISTRICT ESTIMATING
THE MINIMUM AMOUNT OF MONEY REQUIRED TO BE
RAISED BY TAXATION FOR THE FISCAL YEAR 1965-
1966 TO PROVIDE FOR THE PAYMENT OF INTEREST
AND PRINCIPAL ON ITS BONDED DEBT AND CLAIMS
AGAINST THE DISTRICT AND EXPENSES TO BE IN-
CURRED BY THE DISTRICT.
BE IT RESOLVED by the Board of Directors of the San Marcos County
Water District as follows:
WHEREAS, the Board of Directors of the San Marcos County Water District
is required to furnish the Board of Supervisors of the County of San Diego,
and the County Auditor of said County, with a statement containing the in-
formation, facts and estimates required by Section 31701 of the Water Code
of the state of California,
WHEREAS, San Marcos County Water District has heretofore incurred a
bonded debt in the prindipal amount of $2,248,000 for the benefit of the
whole district and the district will be required to make payments of interest
and the principal on said bonded debt during the present fiscal year, and
WHEREAS, San Marcos County Water District Improvement District NO. 5
has heretofore incurred a bonded debt in the principal amount of $600,000
for the benefit of the whole of Improvement District No. 5 but only Improve-
ment District No, 5 and that said Improvement District will be required to
make payments of interest and the principal on said bonded debt during the
present fiscal year, and
WHEREAS, this Board of Directors has heretofore caused a study to be
made of the revenues whiQh will be received by San Marcos during this fiscal
year, the expanses that will be incurred and the claims which will have to
be paid during said period, and it is apparent that it is going to be
necessary to levy taxes on all of the taxable property within the District
to provide for the payment of interest and principal on the District's
bonded debt and claims against and expenses incurred by the District.
Resolution No. 251
NOW, THEREFORE, the Board of Directors of the San Marcos County
Water District states, finds, determines, and orders that:
SECTION I:
A - That in the judgment of the Board of Directors of the San Marcos
County Water District the revenues of said District for the fiscal year
1965-66 are likely to be inadequate to pay the interest and principal on
its bonded debt, the expenses of the District and claims against the Dis-
trict that will be incurred and fall due during this fiscal year.
B - That in the judgment of the Board of Directors of the San Marcos
County Water District the revenues of said Improvement District No. 5 for
the fiscal year 1965-66 are likely to be inadequate to pay the interest and
principal on its bonded debt, the expenses of Improvement District No. 5 and
claims against Improvement District NO. 5 that will be incurred and fall due
during this fiscal year,
SECTION II:
A - That it is estimated that the mihimum amount of money required for
the payment of interest and principal on the bonded debt of the San Marcos
County Water District as it becomes due is $134,600.00
B - That it is estimated that the minimum amount of money required for
the payment of interest and principal on the bonded debt of Improvement
District No. 5 as it becomes due is $36,758.00.
SECTION III:
A - That the whole San Marcos County Water District was benefited by
incurring said bonded debt.
B - That the whole Improvement District No. 5 was benefited by incurring
said bonded debt.
SECTIGN IV: That it is estimated that the minimum amount of money re-
quired for the San Marcos County Water District and Improvement District No.
5 for all other expenses of, and claims against the said Districts is nil.
SECTION V: That the statement required by 31701 of the Water Code of
Resolution No. 251
the state of California be furnished to the Board of Supervisors and the
Auditor of the County of San Diego on or before the 17th day of August, 1965.
DATED August 2, 1965
Presiden of the Board of Directors
of the San Marcos County Water
District
a County
t d of
WATER BUDGET
INCOME:
WATER BALES 196,OOO.OO
TAX PAYMENTS 13h,600.00
1964-1965 SURPLLIS h0, h60.OO
MISCELLANEOUS 12~000.00
$383,060.00
EXPENSES:
WATER PURCHASES 5h~o~9.oo
TREATMENT & DELIVERY 21,960.00
TOTAL ADMINISTRATION 86,
BOND SERVICE 122,000o00
LINE CONTRACT REFUNDS 12,000.00
*APPROPRIATED CAPITAL OUTLAY 80,000.00
UNAPPROPRIATED CONTINGENCIES 7toO0.oO
$383,060.00
Following items budgeted in capital outlay figure and are to be accomplished
upon need as determined by Board of Directors.
OFFICE EQUIPMENT h,300.O0
OPERATING & MAINTENANCE EQUIPMENT 5,OOO.OO
UPGRADE DISTRICT WATER SYSTEM 10,000.OO
BUILDING 52~700.oO
$72~000.00
INCOME:
TAX RECEIPTS 36,758.00
INTREST EARNED 100.00
58,858.00
EXPENSES
BOND SERVICE 34,300.00
I.D. 1 & 2 FACILITIES USE FEE 3,175.00
DEFICIT 13~100.00
$58,858.00
STATEMENT OF THE BOARD OF DIRECTORS OF
THE SAN MARCOS COUNTY WATER DISTRICT
A COUNTY WATER DISTRICT ORGANIZED UNDER
THE COUNTY WATER DISTRICT LAW, FURNISHED.
PURSUANT TO THE REQUIREMENTS OF SECTION
31701 OP THE WATER CODE OF THE STATE OF
CALIFORNIA
To the Honorable Board of Supervisors of the County of San Diego, and
to A. H. Mueller, as Auditor of said County
The Board of Directors of the San Marcos County Water District, pursuant
to the Water Provisions Of Section 31701 of the Water Code of the State
of California, hereby furnishes you, with the following estimates and
statements.
A, (1) The minimum amount of money required for the payment Of
the principal and interest on the bonded debt of the San Marcos
County Water District, as it becomes due, is estimated to be
$134,600.00.
(2) The minimum amount Of money required for the payment of
the principal and interst on the bonded debt of san Marcos County
Water District Improvement District No. 5 as it becomes due, is
estimated to he $36,758.00.
B. That the whole San Marcos County Water District and San Marcos
County Water District Improvement District No. 5 was bonefired by
incurring said bonded debt.
C. That the minimum amount of money required by the San Marcos
county Water District and San Marcos County Water District Improvement
District No. 5 for Other expenses and claims against the said
District is estimated to be nil.
The San Marcos County Water District has not by ordinance or
otherwise declared that Chapter Two, of Part Seven, of Division
Twelve, of the California Water Code, shall not be Operated with
respect to the San Marcos County Water District, and has never
elected to proceed under Chapter Three, Part Seven, Division Twelve,
of said Water Code,
To the Honorable Board Of Supervisors of the County of San Diego and
to A. H. Mueller, as Auditor for said County:
E. That a copy of the resolution of the Board of Directors of San
Marcos County Water District determining that in the judgment
of said Board that revenues of the District will likely be in-
adequate to pay the interest and principal on the Districts'
bonded debt, and the expenses to he incurred by the said
Districts, and claims against the said Districts as they become
due is attached hereto, as Exhibit A.
BOARD OF DIRECTORS OF THE SAN MARCOS
COUNTY WATER DISTRICT
By ' ~,~4,~"D
STATE OF CALIFORNIA
ss.
COUNTY OF SAN DIEGO
I, Jeanie M. Gist, Secretary of the Board of Directors of San Marcos
County Water District DO HEREBY CERTIFY that the foregoing Resolution No.
253 was duly adopted by the Board of Directors of said District at a reg-
ular meeting of said Board held on the 2nd day of August, 1965, and that
it was so adopted by the following vote|
AYES: Directors: Blanchard, Mahr, Paul, Trussell
and Vanderbeck
NOES: Directors: None
AYES: Directors: None
S~ etary o~ the ~n Marcos County